Germany's E.ON to slash 9,000 jobs

Frankfurt, Jun 16: E.ON, Germany's key power company is planning to slash 9,000 jobs as part of its efforts to fight recession and to save about 1.5 billion Euros ($2 billion).

About 6,000 employees will lose job in Europe, along with 3,000 others that would go as some of the group's activities were relocated, said a newspaper report. However, E.ON sources said that nothing had been decided yet.